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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO
SYNT 40.990.0%Oct 10 5:00 PM EST
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To: R. Bond who wrote (2339)1/1/1999 7:57:00 AM
From: JDN   of 2761
 
Dear Bond: I agree, this stock could use a lift. I have discussed Y2K and SYNT many times on this thread. But in case you didnt see it will run over it again quickly.
SYNT from the very beginning said that they would NEVER allow Y2K business to exceed 20% of their Revenue. Reason? They consider it disruptive to the building of their own LONG TERM business model. This year 1998 it will approximate 18% of revenue and much of it consisted on servicing either existing clients or taking advantage of opportunities to service POTENTIAL clients. They never were interested in Y2K work for the sake of it. Well, they seem to have accomplished their goals and now wish to focus primarily on their most lucrative, continuing business. I consider this a plus and in my limited communication with the Company I have come away with the belief that their growth will not be hampered. I think the CEO hinted at this when he said to note that they have NEVER failed to substantially beat analyst's estimates. Personally, I think that they will in fact substantially beat current 1999 analysts estimates because I consider this management to be very savy and I refuse to believe he intends to sit around twiddling his fingers nor do I believe he would have doubled his sales staff if the business wasnt there. I think when the results of the 12/31 qtr are public and possibly when 3/31 is public we will see substantial upgrades of the estimates and resulting share price increase. This is, IMHO, an incredible buying opportunity. JDN
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